Southern Pacific Resource Corp STPJF

Breakup fee

[ShatnersRug]

Assuming there is a deal on the table but fails to come to fruition, STP should receive a breakup fee from the interested party.

Various sources estimate a % value of the deal as fair. However, what if this strategic review process lasts for a couple of more months. Would 1-3% of the deal be sufficient to cover STP for its losses? Could the breakup be exceed this 1-3% figure to more accurately reflect the STP's incurred losses?

Anyone have experience with this?

[farmerman]

Good one Shat Lets ask SilverT he sounds like a company employee Are you a company employee Silver T Give us the lowdown Hey I have a question, once the secured financing and realized they would stop cap ex why did they not halt the stock, they must realize releasing news that they are not doing this or doing that would cause a degradation in share price???? Oh and why did RBC who represents STP

[ShatnersRug]

It's easy to estimate potential losses because of a delay to upgrading Senlac. $1.2 to $1.3 million NET per month @ increase of 2000 bbl/d But McKay's portion of losses incurred due to capex restriction is a little tougher to gauge. We don't know to what degree the ICDs have been a success, and the ARE a success(at least on Pad 102). We just don't know by how much. The capex

[freedom45]

Lets go back to the news of Dec.......... They executed on the financial side in 2 months................with that in place they gained interest on different options how to structure company going forward and I suspect multiple options have come available thus the capex time-out. .........no one likes the silence but it is as they said it would be Dec 11th...............................Again, I